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Search Results 0 to 33 of about 34 (some duplicates have been removed)
Nov 7, 2012 6:30pm PST
>> this is n.b.r. >> susie: good evening everyone. i'm susie gharib. a day after the election a massive selloff on wall street as investors worry about the status quo in washington. >> tom: i'm tom hudson. the election is over but the fiscal cliff, is just eight weeks away, and it will play into every decision the president makes until january first. >> susie: and the fiscal cliff is a big worry for business leaders. the c.e.o. of caesars entertainment, tells us it'll be "very damaging" for his company. >> tom: that and more tonight on "n.b.r."! wall street greeted the election results with a big sell-off in stocks. investors dumped shares of almost every type, giving the s&p 500 it's worst day since june. beyond the u.s. elections, europe also brought fresh worries for investors with concerns in greece, and germany. here's how the numbers stacked up on wall street. the dow lost 312 points, at it's worst point of the day, the blue chip index was down 369 points. the nasdaq tumbled nearly 75 points and the s&p 500 off 33. suzanne pratt takes a look at where the market goes from
Nov 8, 2012 4:30pm PST
at 15%. plus, how g.o.p. economic policies could change as election day demographics change. that and more tonight on nbr! the u.s. economy would be driven into recession next year if the fiscal cliff is not solved in time. that's the warning again today from the congressional budget office. and the standard and poor's ratings agency said there's an increasing chance we will go over that cliff of tax increases and spending cuts. it puts the odds at 15%. still, s&p is optimistic about a solution, saying "the most likely scenario, in our view, is that policymakers reach sufficient political compromise in time to avoid most, if not all, potential economic effects of the cliff." both s&p and the congressional budget office warned unemployment would go over 9% by the end of next year if the cliff is triggered. those s&p comments hit the market in the last 30 minutes of trading, extending yesterday's sharp losses. the dow closed down 121 points, the nasdaq lost 41, and the s&p was off 17. the headlines of big sell-offs in the major stock averages only further erode confidence for
Nov 14, 2012 4:30pm PST
. >> reporter: the president says one of the clearest messages of the election was his pledge to raise taxes on the wealthiest americans and he gave no hints today he was ready to change that position now that he has won a second term. darren gersh, "n.b.r.," washington. >> susie: as darren mentioned, the markets took the president's comments as proof we won't be able to reach a deal and avoid the fiscal cliff, stocks on wall street tumbled: the dow fell 185 points, the nasdaq lost 37, the s&p was down 19. james awad joins us now. he's investment strategist at zephyr management. >> so, jim, what do you think investors need to hear from the president that they feel confident about investing in the markets? >> right now, there is nothing he is willing to do that would make investors comfortable. you'll notice today that the market sold off during and after his press conference because he was very aggressive in his position. and whether that's a negotiating point or not, i think what the markets fear is that we could either accidentally go over the cliff, or that all this hard posturing will se
Nov 13, 2012 4:30pm PST
republican leader mitch mcconnell lost ground in the election, but he posed for the cameras with the three new senators who will be joining his side of the aisle in january. in the house, minority leader nancy pelosi beamed as she presented the new faces adding to democratic ranks in the coming congress. given what awaits these new lawmakers in january, you might wonder why they want the job. it's still not clear whether a lame duck session of congress will navigate the expiring tax breaks and automatic spending cuts that make up the fiscal cliff. the president met privately with labor leaders to discuss options for the fiscal cliff. tomorrow, he will caucus with c.e.o.s from companies like wal-mart, g.e. and bank of america. it all leads up to friday when the president sits down with congressional leaders at the white house to begin the real negotiations, and both sides enter those talks claiming a mandate to protect the principals the voters endorsed at the ballot box. >> darren gersh is with us tonight from our washington, d.c. bureau, where a week after election day here. was there any
Nov 15, 2012 6:30pm EST
've seen since election day, gold sold off today. prices fell nine tenths of a percent, settling at its lowest price in a week, losing some of the rally since election day. the world gold council noted global demand for the yellow metal fell in the third quarter. three of the five most actively traded exchange traded products were higher, led by the japanese e.t.f., rallying 1.6%. and that's tonight's "market focus." >> susie: tomorrow is a big deadline for president obama's health care insurance reform. it's the day states across the country must decide if they will be setting up their own health insurance exchanges, or if they will opt out and let the government do it for them. sylvia hall takes a look at the exchanges, how they'll work, and how they will impact the way americans pay for care. >> reporter: the idea behind state health insurance exchanges is pretty simple-- the uninsured will have a central place to shop for health insurance. all plans will meet minimum coverage requirements and no one is turned down. in exchange, health insurance companies get more healthy customers,
Nov 9, 2012 4:30pm PST
bit more interested in working together. now, again this is just one day after the election. so let's see if that holds up. it does look like there are a few olive branches out there. we'll see if it continues. >> putting the odds at one in seven, one in eight we could still go over the cliff. cow agree that that will plunge the u.s. economy into recession and an unemployment rate back over 9%. >> i'm about in agreement with them. i think there are a few details i'm looking for. i look for the bush tax cuts to expire, the payroll tax holiday to expire, and that tow moo is a 3% cracks of the fiscal budget, and that would, indeed, push, in my analysis, push the u.s. back into recession. >> tom: what's the impact if we go over the cliff but are able to pull oselves back, say, the first or second week in january. some are saying there are some odds of that happening. we could go over the cliff do see the threat but pull ourselves back. could there be damage done that's irreversible? >> there-- when you think about it, the fiscal cliff is sort of kind of a theoretical thing. the treasury
Nov 12, 2012 7:00pm PST
, and with concern for the broader good. to me, america post-election feels a lot like the middle of groundhog day. same president; same parties controlling congress; same leaders of congress likely to emerge. and, the same problem confronting the nation: yet another fiscal cliff. everyone knows the damage that falling over the fiscal cliff may bring: further policy gridlock, a sudden recession, and an unknowably bad shock to worldwide demand for u.s. debt. to avoid this fiscal damage, america today needs some people to step up and show the leadership of bill murray. to acknowledge that the country needs some mix of spending restraint and tax-revenue increases while both stimulating growth and protecting the vulnerable. and, to do all this with the necessary imagination. both parties have acknowledged the need for fundamental corporate-tax reform. who will lead the charge on cutting americas business taxes- but linked to reducing high-end tax expenditures to not further aggravate our deficits? here is hoping that in the coming days, americas fiscal life can imitate bill murray's art. i'm matt slau
Search Results 0 to 33 of about 34 (some duplicates have been removed)